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<html> <head> <title></title> </head> <body> <p align="center"> <em><strong>Max Life Premium Return Protection Plan</strong></em></p> <p align="center"> <em><strong>(Life Protection and Yours Premium Back)</strong></em></p> <p> </p> <p> Protection and security of our family is one of our basic needs. Faced with uncertainties every day, we want to be assured of their financial security and well being, in case of any unfortunate eventuality.</p> <p> </p> <p> While a term plan helps you ensure your family’s financial comfort in case of an eventuality, how about a plan which offers you protection and also returns all your premiums paid at the end of the term, on survival?</p> <p> </p> <p> Presenting <em><strong>Max Life Premium Return Protection Plan</strong></em>, a premium return policy with comprehensive life cover.</p> <p> </p> <h3> <u>Key Features</u></h3> <h3> </h3> <p> · <strong>Comprehensive protection along with inbuilt accidental death benefit:</strong> This plan offers base sum assured as death benefit and 50% of base sum assured as an inbuilt accident death benefit.</p> <p> · <strong>Limited Premium Payment tenure for longer term coverage:</strong> The plan offers you flexibility to choose the period of protection. You can choose the period for which you need cover (20/25/30 years), while you have to pay premiums only for 11 years.</p> <p> · <strong>Guaranteed return of premiums</strong>: On survival of life insured at the end of the<a>policy term</a>, get 100% of total premiums including extra premiums paid by you as guaranteed benefit.</p> <p> · <strong>Additional discount on female lives:</strong> The plan offers lower rates for female life insured.</p> <table border="1" cellpadding="0" cellspacing="0" style="width:589px;" width="589"> <tbody> <tr> <td colspan="3" style="width:589px;"> <p> </p> <p> <strong>PLAN BENEFITS</strong></p> </td> </tr> <tr> <td style="width:88px;"> <p> <strong>Events</strong></p> </td> <td style="width:161px;"> <p> <strong>How and when are benefits payable?</strong></p> </td> <td style="width:340px;"> <p> <strong>Benefits</strong></p> </td> </tr> <tr> <td style="width:88px;"> <p> <strong>Maturity Benefit</strong></p> </td> <td style="width:161px;"> <p> Payable on survival of the Life Insured on the maturity date, provided, the policy is in force.</p> </td> <td style="width:340px;"> <p> If the Policyholder has paid all the premiums as and when due and the life insured has survived the <a>policy term</a>, then he/she is entitled to the Guaranteed Maturity Sum Assured on maturity of the policy. <br /> Maturity benefit is payable at the end of the Policy Term.</p> </td> </tr> <tr> <td style="width:88px;"> <p> <strong>Death Benefit</strong></p> </td> <td style="width:161px;"> <p> Payable on death of the Life Insured during the <a>policy term</a>, provided, the policy is in force.</p> </td> <td style="width:340px;"> <p> On death during the term of the policy, a Death Benefit will be paid to the <a>nominee</a> of the life insured.<br /> The death benefit is equal to the death sum assured, which is defined as the higher of:<br /> i) 10 times the Annualised Premium;<br /> ii) 105% of Total Premiums paid;<br /> iii) Guaranteed Maturity Sum Assured (GMSA)<br /> iv) Guaranteed Death Sum Assured (GDSA); <br /> <em><strong>Annual Premium</strong></em>is the amount payable under the annual premium payment mode under this Policy excluding Extra Premium, if any, and excluding service tax or any other taxes, cesses or levies, if any<em>;</em><br /> <em><strong>Annualised Premium</strong></em> is Annual Premium including extra premium but excluding service tax or any other taxes, cesses or levies, if any. <br /> <em><strong>Total Premium</strong></em> is defined as all premiums paid including extra premiums and loaded for <a>modal factors</a> but excluding service tax or any other taxes, cesses or levies, if any till date.<br /> <em><strong>Guaranteed Maturity Sum Assured (GMSA)</strong></em> is defined as the Total Premium payable over the Premium Payment Term. <br /> <em><strong>Guaranteed Death Sum Assured (GDSA)</strong></em> is 100% of Sum Assured for non-accidental claims and 150% of Sum Assured for accidental claims. Death by accident means a sudden, unforeseen, involuntary event caused by external, visible and violent means as revealed by an autopsy provided such death was caused directly by such accident and independently of any physical or mental illness within 180 days of the date of accident.</p> </td> </tr> <tr> <td style="width:88px;"> <p> <strong>Tax Benefits</strong></p> </td> <td style="width:161px;"> </td> <td style="width:340px;"> <p> You may be entitled to certain tax benefits on your premiums and Policy benefits. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax consultation.</p> </td> </tr> </tbody> </table> <p> </p> <p> </p> <p> <strong>Are You Eligible?</strong></p> <table border="1" cellpadding="0" cellspacing="0" style="width:579px;" width="579"> <tbody> <tr> <td style="width:30.38%;"> <p> <strong>Criteria</strong></p> </td> <td style="width:69.62%;"> <p> <strong>Eligibility</strong></p> </td> </tr> <tr> <td style="width:30.38%;"> <p> <strong>Available entry ages </strong><br /> <em>(Age Last Birthday)</em></p> </td> <td style="width:69.62%;"> <p> Minimum Entry Age – 21 years<br /> Maximum Entry Age -<br /> For 20 Year Policy Term - 55 years <br /> For 25 Year Policy Term- 50 years <br /> For 30 Year Policy Term- 45 years</p> </td> </tr> <tr> <td style="width:30.38%;"> <p> <strong>Maximum Maturity Age </strong><br /> <em>(Age Last Birthday)</em></p> </td> <td style="width:69.62%;"> <p> 75 years</p> </td> </tr> <tr> <td style="width:30.38%;"> <p> <strong>Sum assured</strong></p> </td> <td style="width:69.62%;"> <p> <strong>Minimum:</strong> Rs. 5 Lacs, subject to ­minimum Annual Premium of Rs. 8,500 <br /> <strong>Maximum:</strong> Rs. 1 Cr<br /> Note: The sum assured can only be chosen in multiples of Rs. 50,000</p> </td> </tr> <tr> <td style="width:30.38%;"> <p> <strong>High Sum Assured Discounts</strong></p> </td> <td style="width:69.62%;"> <p> For sum assured of Rs. 30 Lacs and above, there is a discount of Rs. 130 per Lac of sum assured.</p> </td> </tr> </tbody> </table> <p> </p> <p> </p> <p> <strong><u>How the Plan Works?</u></strong></p> <p> </p> <p> <strong><u>Case Study - How does the Max Life Premium Return Protection Plan work for you?</u></strong></p> <p> </p> <p> Mr. Sharma is a 30 year old married, salaried professional. He was recently blessed with a baby boy. He is a responsible person who always takes care of his family. He wants to ensure his family continues to maintain a financially healthy lifestyle even if he is not around. As he is contemplating his first life insurance plan, he wants to purchase a protection plan at an affordable cost. However, he also wants the premiums paid to be refunded after the term of the policy, should he survive the <a>policy term</a>.</p> <p> </p> <p> <strong>Step 1:</strong> Mr. Sharma decides that he needs a life cover of Rs. 20 Lacs.<br /> <br /> <strong>Step 2:</strong> Mr. Sharma reviews the three <a>policy term</a> options and decides that for his purpose the 30 year cover is the best option.</p> <p> </p> <p> <strong>Step 3:</strong> The annualised premium for his policy at sum assured of Rs. 20 Lacs comes out to be Rs. 24,400 which he will pay for a fixed period of 11 years.</p> <p> </p> <p> Here are the following scenarios that can now happen during the course of the policy of Mr. Sharma</p> <p> </p> <table border="1" cellpadding="0" cellspacing="0" style="width:598px;" width="598"> <tbody> <tr> <td style="width:22.06%;"> <p> <strong>Scenarios</strong></p> </td> <td style="width:32.16%;"> <p> <strong>Survives the <a>policy term</a></strong></p> </td> <td style="width:45.78%;"> <p> <strong>Dies during the <a>policy term</a></strong></p> </td> </tr> <tr> <td style="width:22.06%;"> <p> Pays all his due annual premiums</p> </td> <td style="width:32.16%;"> <p> Guaranteed Maturity Sum Assured shall be paid to Mr. Sharma. <br /> The amount paid shall be 11 times the annualised premium which is Rs.2,68,400 ( Rs. 24,400X11). <br /> The amount shall be paid at the end of the <a>policy term</a> and post the payment of the benefit, the policy will be terminated.</p> </td> <td style="width:45.78%;"> <p> On death during the term of the policy, a Death Benefit will be paid to the <a>nominee</a> of the life insured.<br /> The Death Benefit is equal to the death sum assured, which is defined as higher of:<br /> i) 10 times the Annualised Premium <br /> = 10 X 24,400 = 2,44,000<br /> ii) 105% of total premiums paid<br /> = 105% X (11 X 24,400) = 2,81,820<br /> iii) Guaranteed Maturity Sum Assured (GMSA)<br /> = 11 X 24,400 = 2,68,400<br /> iv) Guaranteed Death Sum Assured (GDSA) <br /> = 100% of Sum Assured for non Accidental claims (20 lacs) OR<br /> 150% of Sum Assured for Accidental claims (30 lacs) <br /> In case of death, Max Life will pay 100% of Sum Assured which is Rs.20 Lacs to the <a>nominee</a> and the policy will be terminated.<br /> In case of death due to accident Max Life will pay 150% of Sum Assured which is Rs. 30 Lacs to the<a>nominee</a> and the policy will be terminated.</p> </td> </tr> <tr> <td style="width:22.06%;"> <p> Stops paying premium after the payment of 6 annual premiums. The policy goes into Reduced Paid Up (RPU) mode.</p> </td> <td style="width:32.16%;"> <p> Total premium paid during the <a>policy term</a> will be returned to Mr. Sharma at the end of the <a>policy term</a>i.e. <br /> Rs. 1,46,400 ( Rs. 24,400 X 6) and the policy will be terminated.</p> </td> <td style="width:45.78%;"> <p> On death during the term of the policy, while the policy is under RPU mode, a Reduced Paid Up Death Benefit will be paid to the<a>nominee</a> of the life insured. <br /> The Reduced Paid Up Death Benefit is equal to the death sum assured reduced in proportion to the total premiums paid over total premiums payable.<br /> In case of normal death (non accident), Max Life will pay Reduced Paid Up Death Benefit of Rs.<strong>10.90 Lacs</strong> ( Rs. 20 Lacs X 6/11) to the <a>nominee</a> and the policy will be terminated.<br /> In case of death due to accident, Max Life will pay Reduced Paid Up Death Benefit of Rs. <strong>16.36 Lacs</strong> ( Rs. 30 Lacs X 6/11) to the <a>nominee</a> and the policy will be terminated.</p> </td> </tr> </tbody> </table> <p> </p> <p> </p> <p> <strong><u>About Premium Payment</u></strong></p> <table border="1" cellpadding="0" cellspacing="0" style="width:589px;" width="589"> <tbody> <tr> <td style="width:22.42%;"> <p> <strong>Policy Terms</strong></p> </td> <td style="width:77.58%;"> <p> 20/25/30 Years</p> </td> </tr> <tr> <td style="width:22.42%;"> <p> <strong>Premium Payment Term (PPT)</strong></p> </td> <td style="width:77.58%;"> <p> 11 years</p> </td> </tr> <tr> <td style="width:22.42%;"> <p> <strong>Premium Modes and Modal Factors</strong></p> </td> <td style="width:77.58%;"> <p> The Product offers Annual, Semi Annual, Quarterly and Monthly premium paying modes. <br /> For different modes, <a>modal factors</a> are applicable as mentioned below:<br /> Mode Modal Factors<br /> Annual: 1.00 <br /> Semi-Annual 0.52 <br /> Quarterly 0.265 <br /> Monthly 0.09<br /> The premium payment mode can be changed during the <a>policy term</a> but will be effective from the next <a>policy anniversary</a> only.</p> </td> </tr> <tr> <td style="width:22.42%;"> <p> <strong>Minimum and Maximum Premiums</strong></p> </td> <td style="width:77.58%;"> <p> Minimum Premium: <br /> Annual Mode: Rs. 8,500 per annum<br /> For non-annual modes, the <a>modal factors</a> will be applicable.<br /> (Minimum Premium is excluding service tax, modal extra, extra premium, cesses and levies)<br /> Maximum Premium: Rs. 453,400 per annum (excluding Service Tax and extra premium if any) for annual premium paying mode for male of age 55 years, having <a>policy term</a> of 20 years and subject to maximum sum assured of Rs. 1 Crore. (Kindly note this will increase for non-annual modes and sub-standard lives) <br /> Premium rates vary by age and gender of the Life Insured. We offer lower premium rates for female life insured.</p> </td> </tr> </tbody> </table> <p> </p> <p> Note:</p> <p> For more details on risk factors, terms and conditions please read the <a href="http://www.maxlifeinsurance.com/pdf/forever-young-pension-plan-broucher.pdf" target="_blank">sales brochure</a> carefully before concluding a sale. <br /> Tax benefits are subject to change in tax laws. <br /> Life insurance coverage is available in this product. <br /> Insurance is the subject matter of solicitation.</p> <p> Applicable Service Tax, Cess, and any other Taxes as imposed by the Government from time to time will be deducted from the premium received.</p></body> </html>
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